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Jan 1, 2013
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two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that this bill will not be voted on there until voted n in the senate. not until house leadership has had time to review the bill. tax on high income earners, it will produce $620 billion in revenue. unemployment eninsurance, $30 billion from one year, not going to be paid for with other costs. there are no spending cuts in this bill that. is going to happen -- have to be taken up at a later date. so big question mark whether or not the house, republican led house is going to go for that. back to you. >> a vote at 3:00 or 4:00 in the morning >> correct. in the morning. >> yes. >> i'll be here. >> can we talk about something else now? >> thank you. >> happy new year. >> here we are somewhere over the rainbow. it's kind of fitting. >> yes. >> searching for a pot of gold. >> who wants to talk about that? let's talk about we're going to change everything. lose that five pounds, we're going to go to the gym, exercise. >> spend more
two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that this bill will not be voted on there until voted n in the senate. not until house leadership has had time to review the bill. tax on high income earners, it will produce $620 billion in revenue. unemployment eninsurance, $30 billion from one year, not going to be paid for with other costs. there are no spending cuts in this...
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Dec 30, 2012
12/12
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to work out and vote on a deal to avoid the fiscal cliff. in his first sunday talk show appearance in three years, president obama today called for congress to at least extend middle class tax cuts and unemployment benefits if no fiscal deal is reached. tax hike increase take effect january 1st. >>> the situation in the war-torn country is getting worse by the day. this weekend is proving him right. opposition activists say at least 397 people were killed across syria yesterday alone. if true, the deadliest day yet in almost two years in the civil war. the opizatiposition says more t 200 killed following a battle. >>> new england is getting a heavy dose of snow and freezing temperatures. boston is expected to get up to eight inches and the city's mayor has declared a snow emergency. neighboring rhode island is also getting pounded over a foot of snow has already fallen in some parts of that state. >>> some good news this morning about former president george h.w. bush. we're told he is improving and has been moved out of the intensive care u
to work out and vote on a deal to avoid the fiscal cliff. in his first sunday talk show appearance in three years, president obama today called for congress to at least extend middle class tax cuts and unemployment benefits if no fiscal deal is reached. tax hike increase take effect january 1st. >>> the situation in the war-torn country is getting worse by the day. this weekend is proving him right. opposition activists say at least 397 people were killed across syria yesterday alone....
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Dec 28, 2012
12/12
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FBC
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cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter
cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the...
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Dec 24, 2012
12/12
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or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's
or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington....
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Dec 31, 2012
12/12
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lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from going up. they have known for more than a year that tonight was the deadline and they just blew it. the deadline to prevent that massive $600 billion combination of tax hikes and spending cuts will be missed. but the scramble continues. to try to get a deal done and passed over the next day or two, that would put the tax cuts, at least, back in place retro actively. and today, they sure seemed close to a deal. >> i can report that we've reached an agreement on all of the tax tsh -- the tax issue. >> reporter: and even though the deal was not finalized, the p
lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from...
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Dec 30, 2012
12/12
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we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't d
we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it...
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Dec 24, 2012
12/12
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CNBC
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they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't hear the ruffling of papers as any bill is getting passed. so i guess i will leave on this note on christmas eve. you know, i send my best wishes to all the military that are out of the country protecting us and making sure they secure the rights for every american, and i say to congress and the president, if you really were so concerned, you could have done a repeat performance. obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill
they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't...
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that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been resolved successfully and every indication says she'll made a full recovery. she had a blood clot in a vein not in her brain but next to her brain. had it grown it could have cause aid small stroke. extensive examination has shown she has not suffered neurological damage. it would have indicated there was a small stroke but there wasn't a stroke. doctors are clear iing away the blood clot with blood thinners and believe she'll be in the hospital a few days and go on to make a full recovery. the news here at presbyterian hospital is very good and we're
that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now...
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Dec 30, 2012
12/12
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WRC
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this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> david, i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. conservatives have argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, which prevents them from getting to a reasonable place of compromise to then move on to fight other battles. >> well, boehner was close
this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. they have a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get...
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Dec 27, 2012
12/12
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house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you co
house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of...
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Dec 29, 2012
12/12
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FOXNEWSW
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senate talks with the white house to find a away to avoid the fiscal cliff. harry reid saying they will meet together sunday to vote on something to can take a vote on. markets slide amid growing fear unable to reach a deadline. a fifth straight day of losses. on this day in 18 the 5. for first time members of the public would pay to see a movie. the brothers were sce
senate talks with the white house to find a away to avoid the fiscal cliff. harry reid saying they will meet together sunday to vote on something to can take a vote on. markets slide amid growing fear unable to reach a deadline. a fifth straight day of losses. on this day in 18 the 5. for first time members of the public would pay to see a movie. the brothers were sce
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Dec 27, 2012
12/12
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>>> on the broadcast tonight, five days to go before the country could plunge off the fiscal cliff. the president and the senate back early from vacation, but still no deal in sight. with your money at stake, why can't they reach an agreement in washington? >>> extreme weather. more heavy snow and crippling delays from that massive storm with another one on the way. tonight, how will it impact the holiday weekend? >>> got milk? why the price of a gallon could more than double in the next few days. what's behind this huge potential increase? >>> and the lives they led. our annual look back at some of those we lost this year. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >> good evening, i'm natalie morales in for brian. just how bad is the situation in washington with only five days left before we reach the fiscal cliff? in a highly unusual move, lawmakers are being called back to work during this holiday week. but if today was any indication, it doesn't appear congressional leaders are ready to play nice,
>>> on the broadcast tonight, five days to go before the country could plunge off the fiscal cliff. the president and the senate back early from vacation, but still no deal in sight. with your money at stake, why can't they reach an agreement in washington? >>> extreme weather. more heavy snow and crippling delays from that massive storm with another one on the way. tonight, how will it impact the holiday weekend? >>> got milk? why the price of a gallon could more...
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Dec 27, 2012
12/12
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fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sure sounds that way. >> i don't know time wise how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: vice president biden made a rare appearance in the senate, not to negotiate -- >> i do. >> congratulations, senator. >> reporter: but to swear in a new democratic senator from hawaii. a vote the white house will need if the senate ever gets around to voting on a plan to avert the
fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they...
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Dec 28, 2012
12/12
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WBAL
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it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, bo
it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our...
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Dec 31, 2012
12/12
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. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say...
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Dec 30, 2012
12/12
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this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't have to go home and prove their case because they have a choir back home, and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> redskins could clinch today. david, i also think it's important to go back to the president's argument that, you know, you have to be able to say yes to something that's reasonable. charles krauthammer and other conservatives have argued that he's effectively exposed big inpersonal divisions in the republican party that they have yet to wor
this fiscal cliff. three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't have to go home and prove their case because they have a choir back home, and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment...
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Dec 27, 2012
12/12
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KPIX
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cut short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the m
cut short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going...
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Dec 29, 2012
12/12
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. >>> kentucky senator mitch mcconnell's connection on the fiscal cliff could cost 25,000 unemployed in his state. details ahead. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. >>> welcome back. we love hearing from our viewers on twitter and facebook page. many of you were heartened by the success of the los angeles gun buyback program we
. >>> kentucky senator mitch mcconnell's connection on the fiscal cliff could cost 25,000 unemployed in his state. details ahead. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more...
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Dec 26, 2012
12/12
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KGO
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no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party lines. the democrats want to see, obviously, the middle class not faced with any sort of tax hike, which there are $500 billion worth of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both the
no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their...
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Jan 1, 2013
01/13
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CNNW
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the fiscal cliff deal. other senators that were planning to vote no, i know there were multiple no votes. an overwhelming vote in the u.s. senate in favor of the bill. >> what happens next? >> right, so now this vote goes to the house. we expect house members to come in tomorrow morning, many probably will be start reading the bill right now. they will caucus especially the attention will be on house republicans. to see if they have the votes to pass the bill, if they need to get democrats to do it. there will be a lot of votes coming tomorrow. we don't know the schedule yet. there could be a vote in the house tomorrow, or today, rather, tuesday. as soon as they could pass it. that may take another day if not clear, they will wait until tomorrow morning or i guess, now that is only about seven hours to get some guidance from house leadership. probably the next 12 hours we will see the next phase of this and we will know if the votes are there in the house to pass this bill or not. we can expect that the pre
the fiscal cliff deal. other senators that were planning to vote no, i know there were multiple no votes. an overwhelming vote in the u.s. senate in favor of the bill. >> what happens next? >> right, so now this vote goes to the house. we expect house members to come in tomorrow morning, many probably will be start reading the bill right now. they will caucus especially the attention will be on house republicans. to see if they have the votes to pass the bill, if they need to get...
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Dec 28, 2012
12/12
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KPIX
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introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house o
introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing...
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Dec 29, 2012
12/12
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WETA
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leaders announced last- minute fiscal cliff talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform law and what lies ahead in 2013. kwame holman tells us more. >> holman: ray suarez talks with jay hancock of kaiser health news about the year in health care and what changes in coverage can be expected next year. that's on our health page. on making sense, liberal economist and columnist paul krugman has a mea culpa moment, admitting to a mistake he made. and our own paul solman admits to a few as well as we come to the end of 2012. and you can look back at some of the most striking and oddest images captured by photojournalists this year. all that and more is on our web site newshour.pbs.o
leaders announced last- minute fiscal cliff talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform...
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cliff? might we see him before the new year? >> oh, i think it's almost a guarantee at this point. he'll be working the phones here in hawaii and he saw senator reed today at the memorial service, but told by white house aides it's likely the president will interrupt this vacation shortly after christmas and get back to congress washington on the 27th of december. because with this looming deadline at the end of the year unlikely to stay here in hawaii and in the meantime, trying to get in family time and a little golf and is now on a hike with the first family. but there's the big budget crisis. >> harris: hopefully with down time you get to hike diamondhead, it's great. >> good to see you. >> harris: a developing story last night on fox report. that marine held behind bars in mexico for months now back on u.s. soil. you know that, he's been in a car driving home to florida from coming across the border in texas. with his dad. he's not home yet and now a health scare prompting a detour on t
cliff? might we see him before the new year? >> oh, i think it's almost a guarantee at this point. he'll be working the phones here in hawaii and he saw senator reed today at the memorial service, but told by white house aides it's likely the president will interrupt this vacation shortly after christmas and get back to congress washington on the 27th of december. because with this looming deadline at the end of the year unlikely to stay here in hawaii and in the meantime, trying to get...
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, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said the feeling in washington it might actually be better to go over the cliff and come back and negotiate. why? >> yeah. now, this is of course purely political campaign calculation here, tossing aside the nation's fiscal health frankly. for both side i think there is good argument to be made for congressional leaders, democratic leaders and republican leaders in particular, there may be less political risk here actually if we do go over the cliff and figure out a solution very quickly afterwards. if you go back to what happened with plan b, speaker boehner could not get, get that through
, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said the...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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voted for the version of the fiscal cliff deal that the senate voted on last night? >> i haven't been part of those discussions. like most americans i find it very, very frustrating to watch it. it's not what we expected. i can tell you that. the spending is a problem. when i campaigned last year-and-a-half all across the state of nebraska what i heard from people was their concern about spending. that's not addressed in this bill. i thank the leader. i thank the vice president for coming together and putting forth part of the solution. in helping with tax relief for many americans. but that didn't go far enough. we have to address spending if we're really going to talk about the problem. >> woodruff: spending was a part of the discussion but the republicans were not able to agree with the spending cuts that were offered by the white house. where did everything go wrong in our opinion? >> i think you can also say the white house didn't agree with the spending cuts that were offered by the republicans. again we need to work together. we have to quit saying it's the re
voted for the version of the fiscal cliff deal that the senate voted on last night? >> i haven't been part of those discussions. like most americans i find it very, very frustrating to watch it. it's not what we expected. i can tell you that. the spending is a problem. when i campaigned last year-and-a-half all across the state of nebraska what i heard from people was their concern about spending. that's not addressed in this bill. i thank the leader. i thank the vice president for coming...
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the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of representatives to get what they want. >> here was the speaker's response to that comment. senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. now, this will bring us back to the price of milk. this is not technically part of the fiscal cliff, but it's because congress was not able to pass a farm bill this year. because of some strange 1949 price supports, the price of milk could skyrocket at your local grocery store. could go up a few dollars gallon if we revert back to that 1949
the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of...
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we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, he's agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the
we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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the senate passes a package to avoid the dreaded fiscal cliff. will the house do the same? melanie is live with what this means to you. >> from tokyo to new york city. celebrations around the world . later this hour, how to make a great resolution for 2013. and guess what? tips on how to stick to it. >> that's the biggest problem. >> that's the most important part. >> sure you think it's love but maybe your body is messing with you. how you may be able to tell the difference. plus a local sports star off the market. those stories coming up in our talkers of the day. good morning, everyone. >> good morning to you. >> i'm sarah simmons. >> i'm allison seymour. tony is off today . we're here to say happy new year. let's check out one of the count downs. that was the scene during the count down to 2013 in the big apple. where else right? more than a million people hit the chilly streets to watch the ball drop in times square. about a billion more watched on television. >> it's the best place. >> it was so comfortable in my base amount with my family watching it last night. it w
the senate passes a package to avoid the dreaded fiscal cliff. will the house do the same? melanie is live with what this means to you. >> from tokyo to new york city. celebrations around the world . later this hour, how to make a great resolution for 2013. and guess what? tips on how to stick to it. >> that's the biggest problem. >> that's the most important part. >> sure you think it's love but maybe your body is messing with you. how you may be able to tell the...
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the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 years. strongest showing since april 2010. when home buyer tax credit boosted sales but still below the 700,000 level that economists consider healthy. experts say it is proof the housing market is recovering. real estate website zillow expects 2013 to be a seller's market special the bay area, las vegas and phoenix best places to buy, cleveland, chicago and philadelphia. >>> mike is ahead with our forecast. >>> tricky forecast coming up. system coming d
the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas...
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the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be wat
the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has...
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the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p. lawmakers are suggesting they may amend that bill and send it back to the senate. we'll explain what that means when we have live reports on both sides of pennsylvania avenue. potennial market reaction to the late moves. at the white house, president obama's plane but gassed up and ready to go back to hawaii. but with no vote and no communication with boehner, what now? "special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to
the big story here today: real questions at this hour about whether the senate passed fiscal cliff legislation will make it out of the house in one piece. moments ago, you are looking at video of house speaker john boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p....
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they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is o
they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt....
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cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on finding smarter ways to cut spending. but let's not let that hold up perecing americans -- protecting americas. >> reporter: here is where they have been struggling, automatic spending cuts to the trillion dollars mark. it would effect the defense department and social programs. >> wee using -- we are using an ax instead of a scalp. >> reporter: even if there is a vote tonight in the senate the house still has toapprove something and they have -- to approve something and they have already gone home. they will be back
cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on...
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, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what happened to speaker boehner would have been viewed as a vote of no confidence. do you think speaker boehner ought to step aside and let somebody else try to get this done? >> speaker boehner will be the speaker next year, without any question. the onus right now is on senator reid and the president to come up with a solution, make it a piece of legislation, pass it through the senate, present it to the house, and let's get back to the bargaining table. the american people deserve for both houses to do something and ask the president to sign it. >> schieffer:
, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what...
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senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as
senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will...
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on they are hung up on one key looksing issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his mcconnthe-clock negotiations with vice president biden had t id off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. ohe two sides agreed to extend them permanently for all household income under $400,000 a year for individuals, $450,000 foear for families. egotiators also agreed to prevent the alternative minimum tax on the wealthy from hitting and ions of middle class families every year by permanently adjusting it to inflation. and they agreed to hike the estate tax rate from 35% to 40%, but the first $5 million worth of inheritance would be exempt from taxation permanently. the breakthrough prompted relief inr many, including connecticut enator joe lieberman. >> i hope the negotiations going n now end with an agreement and h hope that we will pass it with a bip
on they are hung up on one key looksing issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his mcconnthe-clock negotiations with vice president biden had t id off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. ohe two sides agreed to extend...
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. >>> one more look at the comlicated fiscal cliff negotiations. >> reporter: vice president joevice president joe biden was -- joe vice president joe biden was briefing. here is joe biden on expectations a moment ago. >> two things you shouldn't do, shouldn't predict how the senate will vote, and number two, shouldn't predict how the house will vote. i feel very, very good. i think we will get a good vote tonight. >> reporter: senate vote in a matter of moments. no idea what will happen. >> do you think this is the beginning of the end or the end of the beginning? >> reporter: absolutely. >> well said. thank you for watching. we are always on www.wusa9.com. letterman is next. have a great night and a very happy new years.
. >>> one more look at the comlicated fiscal cliff negotiations. >> reporter: vice president joevice president joe biden was -- joe vice president joe biden was briefing. here is joe biden on expectations a moment ago. >> two things you shouldn't do, shouldn't predict how the senate will vote, and number two, shouldn't predict how the house will vote. i feel very, very good. i think we will get a good vote tonight. >> reporter: senate vote in a matter of moments. no...
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all i know is democrats in the house are very determined to avoid going over the fiscal cliff, but we want to make sure that any agreement asks folks at the very high income levels to pay a little bit more to reduce our deficit, because if you don't ask them to pay a little bit more, everybody else gets hit that much harder. >> it's kind of funny to sit here and listen to chris and say that it's the republicans in the house who are the problem. if you look at the budget that chris proposed two years ago, which was the alternative to the paul ryan budget, it only asked for tax increases from people making over a million dollars. there were only about 50 of us in the house who said that we were not going to vote for john boehner's deal last week. all they needed was 50 democrats to vote for the deal, and it would have passed last week but, no, he spent the entire day, the entire day of the deal, on the house floor attacking everything that john boehner was going to do. when john boehner actually tried to meet them halfway and now he comes here on national tv and he says that it's the re
all i know is democrats in the house are very determined to avoid going over the fiscal cliff, but we want to make sure that any agreement asks folks at the very high income levels to pay a little bit more to reduce our deficit, because if you don't ask them to pay a little bit more, everybody else gets hit that much harder. >> it's kind of funny to sit here and listen to chris and say that it's the republicans in the house who are the problem. if you look at the budget that chris...
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, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012....
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court to avoid the fiscal cliff. now there are only days left before americans could be hit with massive tax hikes and spending cuts. so who is under more political pressure to get a deal done, the presidentdemocral republicans? alan colmes, host of the alan colmes radio show. brad blakeman is a former deputy assistant to president george w. bush. thank you both for joining us. the debt over $16 trillion. does the democratic plan, the latest one, put a dent in that? >> not at all. as a matter of fact it is more spending and less revenue. you know the problem rests with the president because the buck stops with him or should stop with him. he is the leader of our country and they control two third of government. we control the house but they still control the senate and white house. and let's remind everybody. the president appointed a commission on debt over three years ago and they came up with their findings two years ago and the president rejected simpson-bowles when he could have, at the time, not only averted th
court to avoid the fiscal cliff. now there are only days left before americans could be hit with massive tax hikes and spending cuts. so who is under more political pressure to get a deal done, the presidentdemocral republicans? alan colmes, host of the alan colmes radio show. brad blakeman is a former deputy assistant to president george w. bush. thank you both for joining us. the debt over $16 trillion. does the democratic plan, the latest one, put a dent in that? >> not at all. as a...
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. >> senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch mcconnell. top level sources say the two are taking over talks. if nothing is resolved by midnight tonight, tax rakes for all americans will increase. democrats say it means about $2,000 for the average middle class family. >> one mom said to me in michigan, that's four months groceries. that's commuting back and forth to work in gas for up to three years. i mean, that's a lot of money. >> reporter: democrats want higher taxes on families earning $250,000 a year and over. republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to see government spending put in check. >> the president is do
. >> senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch mcconnell. top level...
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Dec 31, 2012
12/12
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that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions becaus
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this...
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Dec 31, 2012
12/12
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cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but i
cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader...
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Dec 30, 2012
12/12
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the senate where they are still trying to work out a deal to avoid a fiscal cliff. just watching and keeping an eye on things so we'll bring you the latest developments as they happen. when they do, we'll bring them to you. >>> deal or no deal -- that is the $64,000 question. and this is not a game show. we're talking about of course, the high-stakes politics in washington that will impact every american family. the fiscal cliff is here. and we all go over it in two days. unless the president and congress are able to come up with some kind of budget deal. so let's bring in brian monroe. the editor of cnn politics.com and he's joining us from san antonio, texas. brian, no one wants their taxes to go up. we know come tuesday, everyone who gets a paycheck will get less money in it unless a deal is reached. i know you've been talking to people and getting the pulse of the country, what are they saying to you? >> you know, martin, you're right, gallup did a recent poll taking a look at this. let's take a look. the recent poll shows that 68% of americans are saying lawmak
the senate where they are still trying to work out a deal to avoid a fiscal cliff. just watching and keeping an eye on things so we'll bring you the latest developments as they happen. when they do, we'll bring them to you. >>> deal or no deal -- that is the $64,000 question. and this is not a game show. we're talking about of course, the high-stakes politics in washington that will impact every american family. the fiscal cliff is here. and we all go over it in two days. unless the...
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Dec 28, 2012
12/12
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building...
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Dec 29, 2012
12/12
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it's down to the wire for a fiscal cliff deal. senate leaders from both sides of the aisle vowing to scramble days before a new year's deadline to reach a plan or watch the economy go off a cliff. president obama says he's optimistic that they'll come to an agreement that will avoid across the board tax hikes and deep spending cuts. and here we go again, more snow headed to the the northeast, where a major winter storm already dumped several inches on inland areas. snarling roads, canceling hundreds of holiday flights. two powerful systems expect today come up the east coast by today, from south carolina to new york already issues severe weather warnings. i'm heather childers, now back to bulls and bears and for your latest weather headlines, log on to foxnews.com. you're watching the most powerful name in news. >> canceled, that's what thousands of ticked off holiday travelers are seeing on airport monitors this week. and while the nasty weather is to be blamed, toby says we should blame government regulations. >> here is a fact
it's down to the wire for a fiscal cliff deal. senate leaders from both sides of the aisle vowing to scramble days before a new year's deadline to reach a plan or watch the economy go off a cliff. president obama says he's optimistic that they'll come to an agreement that will avoid across the board tax hikes and deep spending cuts. and here we go again, more snow headed to the the northeast, where a major winter storm already dumped several inches on inland areas. snarling roads, canceling...